Deterministic Chaos versus Stochastic Processes: An Empirical Study on the Austrian Schilling - US Dollar Exchange Rate

We applied VAR based approaches to find the relation among the said variables due to high reliance on United States dollar; the results are apparent that there is no significant

structural shocks are derived. The estimated response functions to 1% structural shocks and confidence intervals are obtained taking 5% and 95% percentiles from 10,000 bootstrap

Non- financial firms can implement risk management not only through financial hedging (e.g.. derivatives), which primarily reduces volatility in the near term, but also

We also found that forward rate unbiased hypothesis fails due to fact that market’s expectation regarding exchange rate movements were not rational and also due to presence of

Le choix de ces variables est justifié par deux considérations importantes : d’une part, les variables retenues doivent être logiquement en correspondance avec le

This is consistent with results from the alternative model specification, where Depository Institutions' sensitivity to exchange risk is again comparatively large showing a 7.7

Prima varianta in care s-a estimat o singura relatie de cointegrare intre cursul real si cei doi factori fundamentali – diferentialul de preturi relative in Romania fata de zona euro

Temel bulgulara göre döviz kurundaki de i kenli inin, döviz kurundaki belirsizli in, artmasının ihracat talebi üzerinde negatif etkisi oldu u sonucu elde edilmi tir..